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9 Queen Anns Lace Abilene, TX 79606

3 Beds 2 Baths 1,233 sqft Built 1983

$159,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $128.95
  • 2 Days on Market
  • MLS # : 14528005
  • Updated Date : 03/06/2021 at 12:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,233 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Wylie ISD, Updated 3 bedroom, hurry quick. The living room is carpeted with a brick surround fireplace and custom wood wall. Updated kitchen with stainless appliances, subway tile backsplash, painted cabinets, lots of storage, farm sink, and barn door. The primary bedroom and bathroom is updated with a beautiful large glassed rain shower and shiplap wall. Carpeted bedrooms and updated guest bathroom with tile flooring. Fenced backyard complete with patio, storage building, and a tree house!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Far Southside

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $78k236k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Far Southside

NeighborhoodNIR Market*CityMarket2015Year20112019 Q2900100011001200130014001500Rent in $8341588

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Wylie Intermediate School Primary Regular 618 34 8
Wylie High School High Regular 1,026 67 8
Early Childhood Center Primary Regular 428 25 NA

Wylie Intermediate School

  • Education Level: Primary
  • # of students: 618
  • # of teachers: 34
8
GreatSchools Rating

Wylie High School

  • Education Level: High
  • # of students: 1,026
  • # of teachers: 67
8
GreatSchools Rating

Early Childhood Center

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 25
NA
GreatSchools Rating
 

$143,100$174,900$159,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$552
Property Tax -$342
Property Insurance -$98
Property Management Fees -$99
CASH FLOW
$209

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 18% of earned rent to cover both maintenance and periods of vacancy.

$159,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 9.90%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$47,885

INVESTMENT

$47,885

Down Payment
$39,750
Rehab Estimate
$5,750
Closing Costs
$2,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$552

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $39,750
Loan Amount $119,250
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$14,861

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,300

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,295

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,2753$1,3004$1,3955$1,395
$1,395
RENT COMPS ANALYSIS
  • 9 Queen Anns Lace Abilene, TX 3
    • 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,233 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.05
    •  
  • 14 Verbena Street Abilene, TX 1
    • 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1984
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.04
    •  
  • 7901 Thompson Parkway Abilene, TX 2
    • 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,219 Sqft ∙ Built 1999
    LEASED 02/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.05
    •  
  • 4018 Karen Drive Abilene, TX 4
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1997
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.07
    •  
  • 8026 Vita Court Abilene, TX 5
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1983
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
PROPERTY LISTING DETAILS
Robbie Johnson
Keller Williams Realty
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14528005
Last Updated: 03/06/2021
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